Loans up to $83,000 for Kurdistan’s Farmers

The KRG’s Ministry of Agriculture has said that any farmer can get an agricultural loan of up to 100 million Iraqi dinars [$83,000] from the Government.

The agriculture minister said that the Kurdistan Regional Government has allocated 100 billion Iraqi dinars from the budget for the current year, in order to enable farmers to borrow from the government, adding that recipients can include orchards and poultry farms.

The provincial government had been paying half the value of new farm machinery in the form of agricultural loans, but the provincial government decided this year to increase agricultural loans to 80% of the cost of buying the equipment and agricultural machinery.